Japan Loses Its Position As The World's Third-Largest Economy To Germany
Thursday, 15 February 2024 For the latest October-December quarter, the Japanese economy shrank at an annual rate of 0.4 percent, and minus 0.1 percent from the previous quarter.
Japan falls to the fourth-largest economy, yielding to Germany, as it plunges into recession due to a weak yen and ageing population. Structural reforms are urged by Yoshitaka Shindo to spur growth. Japan's economic woes signal the need for urgent action to address demographic challenges and regain...
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